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by the u.s. state department, the number of russian children adopted by american couples has increased significantly in the last few years. in 2004, the number was more than 5800 compared to only 962 last year. over the last 20 years, americans have are adopted more than 60,000 russian children, more than any other country. >> we remain committed to supporting inter-country adoptions between our two countries. the welfare of children is too important to be linked to political aspects of our relationship. >> reporter: the bottom line, says this expert, it is ultimately the children who will suffer because there aren't enough families in russia willing to adopt. >> there are, by some estimates, 700, 750,000 children in orphanages, in institutions in russia. they don't have that many families stepping up. >> reporter: the need is especially great for children with special needs like vatali. >> we rely on our faith and hope in jesus christ and that's what is going to get us through this. but it would just be devastating for those kids. >> reporter: the moyers already have two biological ch
of january, the u.s. economy will be hit by $600 billion of automatic tax increases. and automatic spending cuts. the phenomenon known as the fiscal cliff. if that happens, it will trigger a recession, or worse. so, president obama is taking action and insisting that republicans agree to increase the existing marginal tax rates on the wealthiest top 2% of u.s. taxpayers. and of course, there is more to the deal. but there will be no negotiations on that big part of the deal unless that tax on the wealthiest 2% is negotiated now. the president could not be more emphatic in stressing the indispensable element of surmounting the cliff is that super-rich revenue. >> we're not insisting on rates just out of spite. or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. >> okay. here is john boehner, the republican house speaker. >> if you look at the plans that the white house have talked about thus far, they couldn't pass either house of the congress. >> republicans proposed raising $800 billion in extra revenues. and that revenue should come t
of any immigration program to the u.s., whether it is a vis the program are refugee program for student visitor program. we have striven over the years to be in the forefront of cooperation and collaboration with law enforcement and national intelligence communities. we know that the program is impervious, and we have tried our best to be forward leaning and ready to innovate and to learn from our experience in order to adopt the best protocols that we can. >> dilma. any closing comment? >> a brief one. thank you for your interest in the security screening process is. i would also like to say that the security screening process not only protect the u.s. but also the program and allows this country to provide ongoing protection to refugees who are in need. we thank you for your interest. >> but we conclude the hearing with the same observation i made at the outset, which is to thank you for the work that you on a very challenging issue in which we balance the interests we have in the continuing to be the nation of refuge for those who we can include while at the same time appreciating th
and also argue their case to the american people from here at the u.s. capitol. but unified they say ultimately they will come back sunday afternoon and be available sunday evening for possible votes. votes. that is does 30 as we get mighty close to the fiscal cliff. harris? >> harris: mike emanuel thank you very much. more coming up on the get-together tomorrow at the white house whether it will be or not to try to work out a solution. that is coming up at the bottom of the hour. >>> the stubborn winter storm sticking around across much of the nation's eastern half. the same weather system that slammed the south and dumped know snow on the midwest bringing misery to the northeast and new england. causing new trouble for post holiday travelers. an american airlines plane ended up stranded on a snow. >> tarmac in pittsburgh. just outside new york city a southwest jet got stuck in the mud after skidding off the runway. in some of the hardest hit area the roads are even worse. >> i lost count of number of cars in the ditch. a jackknifed tractor trailer and a horse trailer turned over. >
and crippling spending cuts. remember analysts say falling off the fiscal cliff could drive the u.s. into another recession. more than a month has passed since the last time they got together. the obama administration called that mid another meeting constructive but there has been little to no progress. today lawmakers on both sides of the aisle tried to strike an optimistic tone. >> millions of americans are out there struggling and certainly they deserve a congress that will avoid going over the fiscal cliff, which is why the president has been working hard to bring leaders together. >> we can't continue to kick the can down the road with half measures. i think the market will respond in a permanent and negative way to our inaction. >> the chairman of the senate finance committee says it comes down to this meeting adding i wish them luck. it would be a great new year's present for the country. ed henry, how pivot the is the meeting? >> we're on the verge of the biggest tax increase since world war ii. that's how big it is. everybody watching this, if we go off the cliff, everyone'
gas. we've been told by u.s. sources those precursor chemicals have been preloaded now into aerial bombs that could be dropped from the fighter bombers onto the syrian people. as of this afternoon there is still no indication that the syrians have actually put -- attempted to put those weapons on aircraft or that there's been a final fatal order from president assad to carry out any kind of attack. so it appears right now that they are in at least the preparation mode, but they're really just one step away from actually carrying out those chemical weapons attacks. we heard secretary panetta say today that the latest intelligence on what's going on with those chemical weapons is very concerns to have specifically. in regard to the remark from one u.s. official that if president assad actually gives the order to go ahead and carry out the attack, there's very little that the outside world could do. that's in reference to a preemptive kind of attempt to prevent the strike from happening. it would be just too difficult logistically and militarily to intervene. for example, if you tried
. how are things standing by there? >> it's a very quiet session as we saw last week on the u.s. and the european incidentsies. despite the fact that the vix in the united states and the v-stocks and the various volatility measures on this side of the atlantic remain elevated. despite that, we're not seeing a lot of oscillation on the back of, as you said, the fiscal cliff and concerns that we may fall off. does that mean that people are getting complacent? they think even though we might not get a deal in the next 24 hours, we will get a deal fairly imminently. in the meantime, though, this is what we've got in terms of the major european indices. that will open and the germans will come to that in a few minutes' time it has been up year-to-date around about 6% and that makes the ftse 100 a real lagger compared with some of its european peers. a laggard, as well, compared to the cac 40. we have no fiscal cliff deal as of yet and it is up 1%. that means the cac 40, the french equity market, the blue chips there are up over 15% year-to-date. and a lot of markets are being shut to
nation. >> you're better equipped. >> reporter: the commander of u.s.-led international coalition forces that drove saddam hussein out of kuwait in 1991 has died. general herbert norman schwarzkopf was a much decorated combat soldier in vietnam as more popularly known to the public as "stormin' norman". it was a coalition of 30 countries original niced by then president george h.w. bush that succeeded in defeating iraqis. president bush remains hospitalized in houston in methodist hospital he had a statement that reads in part. he is one of the great military leaders of his generation. a distinguished member of the long gray line hailing from west point, general norman schwarzkopf to me epitomized duty, service, country and creed that defended our country's freedom and seen the nation through our most trying international crisis. he was appointed general and appointed commander-in-chief of u.s. central command. he prepared a detailed plan for defense of saudi oil fields against the iraqis. general colin powell released this statement in part, with the passing of general norman schwarzkop
's going on. also later, new warnings that the u.s. should be prepared to intervene in syria's civil war. senator john mccain now says he's deeply disturbed by the latest reports that the current regime in damascus is preparing to use chemical weapons against its own people. >> these reports may mean that the united states and our allies are facing the prospect of an imminent use of weapons of mass destruction. year-end event. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best offer of the year -- 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. hurry. bonus cash ends january 2nd. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are str
." thanks for that. coming up next, the u.s. economy is on the verge of taking off but this fiscal cliff mess could get in the way. how much? what can we expect in 2013 with or without a deal? aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. it's lots of things. all waking up. ♪ becoming part of the global phenomenon we call the internet of everything. ♪ trees will talk to networks will talk to scientists about climate change. cars will talk to road sensors will talk to stoplights about traffic efficiency. the ambulance will talk to patient records will talk to doctors about saving lives. it's going to be amazing. and exciting. and maybe
be able to know as u.s. senators working to protect the -- the fourth amendment. mr. president, we have always struck a balance in this country between an overbearing government and the important pathway to obtaining information relevant to our national security. the amendment that i'm laying forth strikes that balance appropriately. it urges the process to continue of providing an understanding of what the secret court interpretations are. that's very important in democracy. it provides the appropriate balance with national security. it gives clear decision-making authority to the attorney general in this process and in that sense, it does the best possible path that honors national security concerns while demanding transparency and accountable for this issue of privacy and protection of the fourth amendment. thank you, mr. president. mr. wyden: mr. president? the presiding officer: the senator from oregon. mr. wyden: how much time for purposes of general debate remains on our side and how much under the control of the distinguished chair of the committee? the presiding officer: the op
. that storm created problems across most of the eastern u.s. starting in the south on christmas day before move nooingt northeast. and then heading to sea. a new storm could bring wintery weather to the midwest for new year's eve. >> overseas the crash of a russian jetliner claimed a fifth victim today. a flight attendant. that plane was carrying eight people, all crew members. barry peterson has new video captured during yesterday's landing atmos you could's nuke ofo airport. >> a video shows debris exproducting across the moscow highway as a twin jet tupolev 204 slammed into the ground. authorities said the plane had landed at one of moscow's airports but for some reason couldn't stop. and veered off the end. runway out of control. the first responders were people in cars without stopped to help. >> getting one woman out of the wreckage and searching for others. >> i heard a woman moan says nikita kasperchik, one of the first on the scene. he said he tried to get into the plane and search for survivors. >> i didn't think about herorism, he said, i just had to try and help. officials said
this is a southern problem, only massachusetts has elected african-american statewide in the u.s. senate and one of the guys in illinois ended up president. it's not just a southern issue and i think we should be really careful about that. that said, certainly he runs from a position of strain if he runs as an incumbent. it gives him a more likelihood to win if he runs for re-election. >> i was looking at some of his firsts. it wouldn't be the first time he made history. he was the first african-american elected to congress in 114 years. his election to the charleston city council the first time since republican was elected to any office in south carolina since reconstruction. so is he not new to firsts based on that little bit of history. but you did mention barack obama, you did mention that he's the first african-american president to be re-elected and some talk about tim scott and the president of the idea of being post-racial. are we there? >> certainly not. the idea that we're breathless of the appointment of a black american appointed. also the gubernatorial position which is the other st
in from all over the world but also the u.s. products meant to sell overseas. >> so it's not just the local port area affected by the strike but the entire region and the state. going nationally as well. >> from boston to houston, these ports represent hundreds of billions of dollars worth of consumer goods that flow for distribution thousands of miles inland. thanks to both sides reaching a nearly last-minute agreement, none will see the picket signs sunday. >> economist worried if we do go off the fiscal cliff, it's now averted strike would have combined for a deadly one-two punch to the u.s. economy. now the overall deal is at 100% signed off on by februar february 6, then we are right back to where we were this morning and again the national retail federation and the florida governor rick scott will be urging president obama to prevent a strike invoking the tap partly act and something not done since president george w. bush did it in 2002. back to you. >> doug: phil keating in miami. the so-called milk cliff that would also kick in to effect the lawmakers can't avoid the fisc
, thanks very much. we're looking by the way on left-hand side of your screen live on the floor of the u.s. senate. don't you know, not much happening there. patti ann: all right. republican congressman louie gohmert is responding to those comments from senator reid that we just heard, firing back at accusations that republicans are refusing to compromise. let's listen. >> i can totally sympathize with reid's remark that he can not imagine our consciences in the house because you would have to have one to imagine ours. and he has shown repeatedly, over three years of no budget? come on. the guy has to have no conscience or he would have been embarrassed and given up leadership on his own if he had any conscience whatsoever. we have passed a bill to deal with the fiscal cliff. harry reid is becoming the ultimate cliff diver here by saying we're not going to even let our house, the senate house function. we're going to dive off the cliff and blame the republicans at every ledge down the way. gregg: cliff diving a new political sport. and senator lindsey graham also speaking out suggesting th
of judge paul william grimm of maryland to be a u.s. district judge for the district of maryland. i'm very proud of the process that senator mikulski has instituted for us making recommendations to the president to fill judicial appointments. i believe that under this process, we have reached to get the very best to recommend to the president and then to our colleagues for confirmation, and judge grimm clearly falls within this line. the senate judiciary committee favorably reported judge grimm's nomination by voice vote on june 7 of this year. judge grimm was nominated to fill the vacancy in maryland that was created when u.s. district judge benson e.laig took senior status in june. judge grimm brings a wealth of experience to this position. early in his career, he served in the military in the judge advocate corps handling commercial litigation in private practice and served as assistant attorney general of maryland. he also sat as a federal magistrate judge in maryland for 15 years. judge grimm was born in japan and received his undergraduate degree from the university of california in
indicating to u.s. officials that it appeared at least the syrians were at least preparing to get ready to mix the precursor chemicals that would enable it to weaponize the artillery shells with deadly nerve gas. i can tell you today despite all these warning signs, tamron, u.s. officials are reporting, number one, that there's still no sign that these precursor chemicals have been moved. number two, there has been no sign that any of them have been weaponized, the artillery shells, and three, it looks like at least that people are just in the preparation stage just in case there should be an order to resort to chemical weapons. so far we're far from that according to u.s. officials, tamron. >> what are u.s. officials saying about iran's claim it captured a u.s. drone? >> first of all, the u.s. navy has strongly denied it has lost any of the drones in question. the scan eagle drones. now, navy officials admit they look at this iranian video and say, that is a scan eagle. quite frankly a scan eagle drone are very common there in the persian gulf. a number of persian gulf countries own th
doing the same. the last thing anyone on the world stage needs right now is for the u.s. to start sliding back into recession. but you know, let's be clear here. that's, that would take some time. there would still be time for some kind of a deal. but it's the uncertainty that is really driving everybody's nerves in all of this. it's going to affect commodity prices in countries like brazil. countries like russia, everybody is in this together. waiting to see what happens up there. >> you're absolutely right. we're going to be watching those international markets to see how everybody is reacting. it's this whole big chain, jim, thank you for that back home, the senate is still trying to work towards a deal as jessica just told us, senator harry reid earlier said that he is in fact hopeful about reaching a deal. listen. >> with 36 hours left until the country goes over the cliff, i remain hopeful but realistic about the prospects of reaching a bipartisan agreement. at some point in the negotiating process, it becomes obvious when the other side is intentionally demanding concession
greece would have a worse depression than the great depression in the u.s. >> brown: a player in campaign politics, but what of the current debt debate? we talk with tea party ally, matt kibbe. >> warner: and as e.p.a. chief lisa jackson steps down, we assess the track record of the administration's environmental agency. >> brown: that's all ahead on tonight's "newshour." >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> warner: five days and counting with plenty of tit-for- tat charges, but no agreement in sight. that, in short, summed up the state of affairs in washington today as the fiscal cliff deadline loomed, january
, taking sex slaves. in accordance with u.s. policy, a small team of u.s. troops are currently in the field helping local forces hunt this killer. . they believe an effort to could help bholser their efforts, they are asking for this, they think this can make a difference on the ground. let's answer their call and send this bill to the president for his signature and i thank my colleagues for their support. the speaker pro tempore: the gentlelady reserves her time they have gentleman from california is recognized. mr. berman: yes, mr. speaker, i have no further requests for time and will yield back the balance of my time. the speaker pro tempore: the gentleman from california yields back. the gentlelady from florida. ms. ros-lehtinen: i also have no further requests for time and i yield back the balance of our time. the speaker pro tempore: the the question is, will the house suspend the rules and pass senate 2318. those in favor say aye. those opposed, no. in the opinion of the chair, 2/3 -- ms. ros-lehtinen: mr. speaker, i object to the vote on the grounds that a quorum is not present and
recognition of that particular status. of course, the u.s., israel, canada and others. what do you think it says about the u.s. and about israel's position in the world that only nine votes came together against us? >> well, it was a lost bat to begin with, shannon. in fact, i think israel made a mistake here. israel should have been one of the first to recognize this palestinian initiative. because it is commensurate with and compatible with the two state st. louis. no one in israel has a better idea but the two state solution. partitioning the land not because it's the right thing to do or smart to do but the only thing to do. let alone being the right thing to do. what it showed is that failure to address these issues, failure, absence of the peace process and failure to launch one. isolates israel in the international community. isolates the u.s. in the international community. kind of super imposes shannon on a new administration on the new obama administration. involvement in the middle east at a time when conditions do not seem to be con deuce i and do not seem to be right. i woul
: we are going to talk about apple. they will bring some manufacturing home for the u.s. charles: about $100 million in 2013. we know that is a tiny, tiny, tiny, tiny amount of what they spent on fraction. i think this public opinion thing about bashing these companies that do not do certain manufacturing in america, it is somewhat misguiding. the same critics who are now saying we not stop back here were saying we were exporting the rest of the world. now, we are saying bring those jobs here. you cannot bring them back at the same wage. i do not think we have a responsibility to create a certain kind of job, but we have a responsibility to create jobs. if you want those chinese jobs, you can have them. dagen: steve jobs told president obama that those jobs were not coming back. charles: somehow the administration going after profit, you know, whatever it is, you wanted or public opinion, now if you do not start to do this stuff, we will go out and take it. caterpillar is one company to watch. their ceo has been on top of this. he has been very defensive about the fact they are still cr
. they said august 5, 2011, standard & poor's lowered its rating for the u.s. citing among other factors the political brinksmanship of recent months that highlights america's governance becoming less stable, less effective, and less predictable. we believe this characterization still holds. do you know this congress, your congress, has done more harm than good? do you feel embarrassed being part of a congress that ranks up there with the do-nothing congresses of all time? >> i think america should be embarrassed by its leadership in washington, d.c. but that extends to the white house, senate, and house of representatives. this has been the most predi predictable disaster coming at us for a number of years, and certainly months. and the fact that we have been unable to do things and instead worried about our next elections instead of the next generation of americans, i think it's sinful and i hope that people turn out those who have been responsible for it. >> congressman, you're a straight shooter, we always appreciate you coming "outfront." >>> next, mixed feelings about gun crot. mos
, that the u.s. house of representatives has acted. we're waiting for the senate to act and i believe that as soon as they act we'll be back in town to find some forge -- some pathway forward. >> well, a senior white house official told cnn tonight to that point, they said we believe strongly a reasonable package can get majorities in both houses. the only thing that would prevent it is if speaker mcconnell and speaker boehner don't cooperate. do you think mcconnell and boehner are in the mood to cooperate with president obama? >> i do believe they're in a mood to cooperate. they've talked -- and speaker boehner's talked for a long time about a grand bargain, about a big deal, about trying to find some major solution going forward. but the senate hasn't acted on anything, so i think we have to be careful on just placing the blame on mcconnell or boehner. without adding in to this mix, senator harry reid who is running the senate and have failed to act on anything yet. >> will you support whatever short-term deal the republican leadership supports? >> i don't know what i'm going to sup
morsi and the country's new constitution. the new u.s. senator from hawaii democrat brian schatz was sworn in today. he'd been lieutenant governor for the last two years. now, he replaces fellow democrat daniel inouye, who died this month at the age of 88. schatz took the oath of office on the senate floor after being tapped by hawaii's governor. the new senator said he'll seek election in his own right, in 2014. inouye wanted hawaii congresswoman colleen hanabusa to take his seat. she said today she respects the governor's choice. those are some of the day's major stories. now, back to margaret. >> warner: we turn now to russia, where a proposed new law on adoptions, causing alarm in the united states, came a step closer to being enacted today. ray suarez has the story. >> reporter: in moscow today, president vladimir putin said he does intend to sign a bill that bars americans from adopting russian children. >> you know, after all in the world there are probably a lot places where the quality of life is better than here, but so what? are we going to send all the children there?
for a new u.s. law that targets human rights abuses in russia. in the past two decadees, more than 60,000 russian children have been given new homes inside the u.s. it elaine quijano met one family whose adoption is now on hold. >> look at this. look. >> reporter: two years ago kim and robert summers decided to adopt from russia. it took nearly 18 months, but last july, the couple was matched with a 15-month-old boy. when you saw his picture for the first time, what did you think? >> i knew that this was the child i was meant to parent. and i took one look at this little ginger boy, and i can follow in love with him. >> reporter: the summers began filling their new jersey home with baby clothees, a crib, and even a stroller. they traveled to his orgmag in russia twice to bond with him. >> say, hi, daddy. >> reporter: you've given him a name. >> ypreston mackey summers. he's a wonderful young boy who needs love and attention. it. >> reporter: like 1500 other american families, the summers worry that the law banning americans from adopting russian children could prevent them from bringi
to are prevent ratings agencies to downgrade u.s. debt. i'm told by this person on the call that the administration's response to that, they think a small deal would in fact be enough, but they wouldn't speak for the ratings agency. still a big unknown hanging out there, guys. >> and we know about some of the tough conversations we'll have 30 days from now, 45 days from now, eamon. it does sound, though, judging from some of the latest rumors that they're almost comically close to a deal, especially when you talk about the income level at which tax rates would rise. is it 4, 450, settle on 5. is that the main thing you're interested in over the next couple hours? >> yeah, once they've gotten rid of the question about the changed cpi and social security over the weekend, which the republicans asked for, democrats denied, republicans backed down on that, then it becomes a matter of hammering out the details and making sure that you have the votes before you go to the floor. it does seem like they're very close to this deal. but it is the last day. there's not a whole lot of wi
for the presidential race. walker won the first governor in u.s. history to survive a recall election. and another nod to a republican governor. >> i cannot thank the president enough for his personal concern and compassion for our state and for the people of our state. >> reporter: new jersey governor chris christie's full-on embrace of president obama for helping sandy-ravaged new jersey came days before the election and had no noticeable effect on the presidential race, but some republicans think christie didn't have to be that efuse sieve. they'll remember if his name pops up in 2016. >> if it's a legitimate rape, the female body has ways to try to shut that whole thing down. >> reporter: from the say what category of entries comes a combo team, missouri senate candidate todd akin and richard murdoch of indiana. >> life is that gift from god, and i think even when life begins in that horrible situation of rape, that it is something that god intended to happen. >> republican dreams to take control of the senate in 2012 had dwipdalled throughout the year, but akin and maur dock pretty much shut that
the markets pull back more to crystallize what this could mean for the u.s. economy to members of congress. we didn't see that. it is a numbers game though in terms of what will happen. we know need 60 votes to clear a fill buster in the senate. seven republicans need to go along a lot of jockeying that needs to be done, even if we have a deal put forth. >> interesting what the market is pricing in. we thought the market wanted a grand deal. clearly, dennis you willing to put up with a band-aid. >> i have been surprised how static it has been, the stock and the bond markets, carl. i think the market, i think, has internalized that idea we are just going to shuffle along for a period, the beginning of january. then for another six to nine months. the bigger question really becomes beyond the equity market in particular, becomes the real functioning economy of this country. we are going to be stuck again. we went through sandy, that was a natural disaster, to think that all this really is man made, still boggles the mind. >> sickening. especially with claims back to 350, decent number this morni
,000 a year will have to pay an extra two grand to the u.s. government. the more you make, boy, that number really accelerates. heather? heather: another devastating blow in the fiscal cliff crisis, this mess, will be to the military. $500 billion slashed from the pentagon budget that is raising serious concerns about our national security. chairman of the house armed services committee, california congressman, bruce mckeown will weigh in on the impact these cuts will v that is live in our next hour. gregg: secretary of state hillary clinton now hospitalized after the discovery of a blood clot following a concussion earlier this month. that concussion apparently related and causing secretary clinton to postpone her testimony on the benghazi terror attack. doctors say the blood clot is very risky. >> blood clots are serious depending where they are. the leg is more common and simpler to treat. lungs are more life threaten, into the brain of course, very, very serious if it is in the brain because of stroke and potential memory and injury to the entire brain. gregg: david lee miller is live i
price in recession and the prospect of a down grade of u.s. debt once again, back on the table. bob, head of fixed income for vanguard with about three quarters of a trillion dollars under management in money market and bond as sets. bob, i don't know how you sleep at night given the pressure of handling that much money. think about that often. good to see you. >> good to see you. dagen: bob, what do you think of what's happening? washington? what happens in the bond market if recession becomes more likely? >> well, clearly, volatility kicks up a lot, and you're going to see decline in treasury yields and probably a rise in the spread differentials of corporate bonds and other credit backed bonds relative to treasuries so it's not going to be a pretty picture for our bond holder. you know, that said, they are ultimately going to fix this, by they will put us through hell in between. dagen: bob, looking at the -- all the classes of fixed income, the out performance over treasuries in all grades of corporates, even in municipal bonds, but particularly, you start looking at the lower g
was the longest u.s. serving member. he was elected to the house of representatives in 1952 and the u.s. senate in 1958. two former staffers, ira schapiro and david corbin, talked about the senator's life. next on c-span, nikki haley. >> the first speaker is irish schapiro. -- ira shapiro. he played important roles in foreign intelligence surveillance and the completing of the metrorail system. during the clinton administration, it he served as a leading u.s. trader and .arned the rank of staff thaman he was described as antidote and he promised to deliver. he practiced international trade law and washington. on behalf of the west virginia state society, i would like to introduce ira shapiro. [applause] >> thank you for the kind introduction. thank you to the society for giving me the chance to be here. thanks to mike who did so much to organize the event. he is an old friend. thank you, mike. i'm delighted to be here today with corbin. we have two books that talk about robert byrd from different perspectives. my book is basically about the senate and the last great senate as i refer to it. se
powerful machines and he wins every election. he gets to the u.s. senate, he climbs the leadership ladder and defeats prominent liberal senators. he selected the senate whip by ousting ted kennedy. he defeated former vice president of the united states, hubert. it is always a fight for byrd. had to fight for everything he got for west virginia. he had to fight. the trouble is, what direction to take the book in? how to convey these two objectives? it came to me while sitting on the senate floor when he delivered his speech. to celebrate his 50 years of senate and the u.s. senate. the floor staff asked us to wait a few minutes since the senators were on their way there. they wanted to hear byrd talk. we discussed these incidents. he kept relating to the presidency. i worked with this president. he worked with jimmy carter. it started dawning on me -- the presidents. after the speech, it dawned on me -- no other person in american history has had an impact on so many presidential administrations. he has impacted 11 presidents. and that is 1/4 of presidents in american history. i could achie
after taking over the u.s. central command. defense secretary leon panetta calls him one of the great military giants of the 20th century. he died after complications from pneumonia. he was 78 years old. >>> in india, growing demonstrations after a woman was gang raped on a bus in gnu deli. she's fighting for her life in singapore. doctors say she has taken a turn for the worse and her vital signs are deteriorating. meanwhile protesters are growing angrier over the number of rapes in new delly. six expects have been arrested. protesters want tougher laws for rape and crimes against women. there were 572 reported rapes just last year and more than 600 reported so far this year. >>> americans may no long er be able to adopt children from russia. president vad vladimir putin signed a bill today. >> translator: the vast majority of russian citizens are very negative about foreigners adopting our children. we need to do it our oust ourselves. we need ourselves to stimulate, bringsing to the family orphans or those left without parental care. >> the law which goes into effect around the cor
toward another recession. without a deal u.s. gdp expected to take a serious hit. our unemployment rate expected to skyrocket, but even with the deal some say the u.s. economy may fall. i am joined now by an economics professor for the university of maryland. welcome back to the show. i know you get pulled on this all the time by different groups. what are you expecting out of the economy? what do you say? with the deal what happens to the economy? without a deal what happens? >> some kind of deal, the economy continues to grow very slowly. we are doing all this spending to prop up the economy because the fundamentals are right. all of the things the obama administration has done have been anti growth, whether energy policy, trade with china, reregulation of wall street. and now this, taxing all those jobs creators, all those small businesses. i don't know why you would want to invest in this country now. gerri: let me ask you this. the congressional budget office has out its numbers. if the fiscal cliff hits they say u.s. gdp would shrink by half a percentage point and that unemploymen
. the only place you have it is overseas. europe looks stable compared to the u.s. right now what does that say about our dysfunctional system? it says our dysfunction is our competitor's advantage in this market and that is sad. >> amen to larry. that was well said. i don't think i can add anything. >> for the average investor watching right now, any advice? >> no. i think that what's going to happen is there will be refl reflexive knee-jerk reaction higher if one of those two things i said happen. the market was up quite a bit since mid-november. the small-cap his been up 9.5% until the sell-off and they'd given a lot of that back, but there was a lot of good feelings priced in, and to me it's not that awful for us to take some of that off. i think the next month will be choppy and whipsaw, but 2013, there are a lot of good things going, housing market, china, japan. i would buy some things. >> guys, got to cut you off. larry, you'll get more time next time, promise. see you later, jim. >>> we're all over the fiscal fiasco. tune in to cnbc this sunday night. yep, we're working the we
. dock workers have been working on an expired contract. today the u.s. marry time alines and the long shoring association have agreed to a 30 day extension allowing for more time to negotiate a new deal. a major sticking point will have to be cleared up by january 28. it involves royalty payments for members based on each container they unload. >>> an early morning shootout at a new jersey police headquarters left three officers with wounds. >> how the suspect managed to get one of the officer's weapons. >> reporter: police raced to headquarters about 5:30 this morning responding to reports of gunfire. a man was brought into the station on domestic violence charges. >> the struggle occurred while the suspect was being processed. during the course of that, the suspect obtained a firearm and fired on three have our officers. right now we have one officer that was shot just below his bulletproof breast. >> i saw them throw somebody into an ambulance. this was very, very quick. the police officers jumping in the ambulance and taking off very quick. >> reporter: the two other officers were
the very latest for you. >>> not even the fiscal cliff can slow down the u.s. oil boom the production surge sets up huge windfalls for businesses outside the oil industry in 2013. who stand to reap the biggest gains? we'll drill down details so you can get in on this game. >>> iran launches war games in the strait of hormuz flexing its military muscle in the heart of the critical seaway for global oil supplies. is iran just sabre-rattling or gearing up for something much bigger? even when they say it's not, it is always about money. adam: and a good evening to you. melissa francis will be back after the first of the year but right now let's look at today's market headlines of the investors were largely gripped by unfolding events in washington regarding the fiscal cliff. there was little optimism on wall street. stocks fell for their fifth straight session. the dow, the dow fell below the 13,000 mark closing down 158 points. fiscal cliff anxiety sent the so-called fear index, the vix, soaring more than 14%. it is now up close to 30% this month. >>> barnes & noble was one of the few market b
't see the house doing that. look, with $16 trillion in debt and growing every minute, the u.s. governmental is obviously looking for ways to reduce it. that is the whole point in this thing. president is proposing new spending, more spending, has that convinced some people on the hill, that is your beat, that he is either not serious about negotiating or is naive about how economically grave the situation really is? >> the parties are divided in a way that i element never seen in many years covering capitol hill. republicans telling me they were more than willing to talk about a tax rate increase. even some of the most conservative members but what they felt they needed to see was sizable spending cuts and talk of entitlement reform which is major driver of the nation's debt but none of that has come forward. with democrats are not even in that level of conversation now. they do not want major cuts and they don't want to touch medicare or social security or medicaid. but republicans say you need to start tackling now. >> gregg: the president has ignored recommendations from hi
school, served as a commissioned officer in the u.s. navy and was an assistant u.s. attorney in new york. please welcome alan morrison. [applause] >> thank you, roger. i also have the distinction of two things. one, i read and commented on stuart and rick's book. i don't want to get any medal of honor for that. my name is in the acknowledgments, i found it today, so nobody's come after me yet. laugh and if you think it's insend yea -- incendiary now, you should have read the draft i read. [laughter] i'm one of the few lawyers who did not file a brief in the fisher case. [laughter] okay. so let's begin by remembering that fisher is a concrete lawsuit and not an academic debate about the values of affirmative action. the question in this case is did the university of texas violate the equal protection clause in connection with its undergraduate admission program, and did abigail fisher, was she injured by what the university of texas did? so i want to start by explaining a little more than stuart did about the admissions program and what it's supposed to do and what it's not supposed to do
business correspondent for "u.s. news & world report." i want to ask you about the tax increase if there is no deal and tax rates rise, when would workers begin to see that reflekr reflected in their paychecks? when does the pain start? >> this is not one tax hike. this is about nine different sets of taxes. and the one that would go up right away is the payroll tax. that was cut temporarily in 2 009, cut by two percentage points and will go back up by two percentage points and that would come out of workers' paychecks right off the bat. it would add up to something like $60, $70 a month for the typical worker. we hear about all the tax rates that are going up, that actually wouldn't involve money that is in people's pockets until they actually pay their taxes or do their tax returns the following year. because that's when they would have to calculate the amount they owe and whether they paid enough taxes in 2013. so the good and bad news about that is that is not going to affect people right away, but that also means they can put that one off for a long time and we could go --
of the greatest military figures in u.s. history. more on his remarkable life coming up. >>> also ahead, it happened again. a man shoved to his death in front of a new york city subway train. this time, the suspect is a woman. we will have the details. >>> and later, we'll look back at how we covered the biggest stories from 2012, from golden moments at the olympics to the hard-fought race for the white house and the unimaginable damage from superstorm sandy and more. >>> we'll start with another winter storm getting ready to wallop a large swath of the country. maria larosa has the details. >> it places like arkansas just a few days ago under blizzard warnings. now we're talking about freezing rain advisories. also, the winter weather advisories. you see the advisories stretch back into the ohio valley, back into the northeast. that's basically the trail of the snow with this next system. so over the next 24 to 48 hours we'll see it develop. it will continue through the south with thunderstorms and showers. not to the extent of the severe weather with the last round, but you can see en
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